Rental vacancy in Sask. reaching ‘dangerously low’ levels
The rental market vacancy rate in Saskatchewan is getting ‘dangerously low’ according to the Saskatchewan Landlord Association (SLA).
The latest report from Canada Mortgage and Housing Corporation said the overall vacancy rate in Regina has fallen to 1.4 per cent - the lowest level since 2013.
Saskatoon’s vacancy rate has dropped to two per cent.
“Saskatchewan is experiencing significant population growth and our rental market can’t build units fast enough to keep up with demand”, said Association CEO Cameron Choquette.
“There are areas of our major cities with vacancy below one per cent, which effectively means there are no places left to rent.”
The SLA said the report from CMHC indicates the price of rents has jumped 8.2 per cent across the province between October 2022 and October of 2023.
SLA recommended the PST be removed from purpose-built rental construction, and that the province should invest in a program to support renovating existing rental stock.
CMHC said the national vacancy rate for Canada’s primary rental market dropped to 1.5 per cent in 2023 - the lowest recorded rate in 35 years.
CTVNews.ca Top Stories
'Terrifying': Manitoba resident speaks on wildfire and evacuation
As a pair of wildfires burn near Flin Flon and The Pas, a number of Manitobans are being told to evacuate their homes.
Canucks' Zadorov fined $5,000 for post-game crosscheck on Oilers' McDavid
A Vancouver Canucks defenceman has been given the highest possible fine under the NHL's collective bargaining agreement after a scrum broke out at the end of Game 3 against the Edmonton Oilers Sunday night.
Steve Buscemi punched in the face while walking in N.Y.C.
Hollywood actor Steve Buscemi has been treated for injuries after being punched in the face while walking in New York City.
DEVELOPING Michael Cohen takes the stand as testimony in Trump hush money case enters 4th week
The star prosecution witness in Donald Trump's hush money trial is set to take the stand Monday with testimony that could help shape the outcome of the first criminal case against an American president.
Air quality advisories issued in 5 provinces, 1 territory
Air quality advisories are in effect across Western Canada as smoky conditions plague some areas, according to the latest forecasts. Here's where.
Jerry Seinfeld speech prompts pro-Palestinian demonstration at U.S. university graduation ceremony
A tiny contingent of Duke University graduates opposed pro-Israel comedian Jerry Seinfeld speaking at their commencement in North Carolina Sunday, with about 30 of the 7,000 students leaving their seats and chanting "free Palestine" amid a mix of boos and cheers.
Just how bad are ultraprocessed foods? Here are 5 things to know
Many foods fall under the category of ultraprocessed foods, depending on their exact ingredients. This type of food has been studied a lot lately, and the results aren’t great.
No refund for travellers who cancelled flight already scrapped by airline: regulator
Four years on, the controversy over whether airlines owed refunds to passengers after cancelling hundreds of thousands of flights during the pandemic continues to simmer, aggravated by a sluggish, opaque complaints process.
opinion Harry and Meghan's Nigerian adventure: Traditional attire to warm welcomes
For her latest column on CTVNews.ca, royal commentator Afua Hagan writes about Prince Harry and Meghan Markle's recent visit to Nigeria, calling it a 'deeply meaningful campaign' that was about aligning their ongoing efforts to foster mental-health awareness and promoting the Invictus Games.